Sep 30 2007
Millionaire Opportunities (Residual Income #2)
Now we know that we need to have a residual income to achieve what we want (I might be moving into a houseboat, but more on that later). So what do we do to get that?
The economist Paul Zane Pilzer says that there will be 10 million new millionaires this century. Wait! Why would we listen to him? Well he has served as an economic adviser to two US Presidents, the is renowned as a leading predictor of economic catalysts and trends, including predicting that China will be a leader in world economics before anyone else was even paying attention to China. Pilzer has started several entrepreneurial businesses earning his first $1million before age 26 and his first $10 million before age 30. So I say we need to listen to him.
Where are these millionaires going to come from? He says that the 20th century will be the age of the entrepreneur and here is where it will come from:
- Internet/Technology
- Product Distribution
- Home Based Business
- Health Industry
- Information
- Franchise Based System
If you can develop a system that will tap into one of these, you might be successful. If you can find a way to tap into two, your chances increase. If you can find a way to tap into many of these then you are almost guaranteed success.
- Home Based Business – That is clearly what I am interested in, and it will get the lifestyle that I want to have.
- Information Products – are obviously the easiest to do. Find something that you are passionate about, and you like, and write a “how to” book about it.
- Internet/Technology – there is so much out there you just have to find what fits best and leverage it to your advantage. There are so many products you just have to ask and you can find what you need.
- Health Industry – Organic foods, vitamins, proactive health, baby boomer longevity, and so much more. Look at the trends they are all around and obvious, people are trying to take better care of themselves, if you can find a product that you can sell or repackage, market, and sell at the right price, that may be what you need.
- Product Distribution – let people find what they want off of your site, and create a good way of delivering it to them and you will have it made. How, well it is what I know the least of. If you find a great way let me know. I have dabbled in this, but it just did not work out for me.
- Franchise Based System – Find a great way to do something, then find a way to teach it so that others can duplicate it. Sounds simple but you need a good system that is very hard to fail at. Hummmm teacher/coach, Coach Kip. Hummmmm.
So lets develop together. There is more than enough to go around. Lets find a way that we can all profit and be successful.
Conceive It, Achieve It, Believe It
Coach Kip





















A very well researched informative article. I came by your blog via Digg. Best of luck with the challenge.
Thanks for visiting, and for the luck. Check back to see how I am doing.
Hi Kip,
What are you doing on the Home Based Business front ?
What I am doing is proividing Internet marketing strategy and I then often hook my clients up with my team of virtual assistants that can then help them out.
I work with one of the guys mentioned in the 4 hour work week.
catch up with you soon
Gavin
http://www.outsourcesuccess.com